Lotus Holdings (600186.SH) subsidiary Lotus Purple Star terminates high-performance computing service contract with Shanghai X State-Owned Enterprise.

Zhixin Finance APP News, Lianhua Holdings (600186.SH) announced that, based on the impact of macro policies and objective changes in the process of carrying out computing power business, the company's holding subsidiary Zhejiang Lianhua Zixing Artificial Intelligence Technology Co., Ltd. ("Lianhua Zixing") has terminated the "High Performance Computing Service Agreement" signed with Shanghai X State-Owned Enterprise. Lianhua Zixing has agreed to pay a compensation of RMB 2 million to Shanghai X State-Owned Enterprise.